Loan to buy items for my kenkey business

Solagag Margaret

Accra, Ghana

10% repaid

Entrepreneur

Name

Solagag Margaret

Location

Accra, Ghana

On-time repayments

7 weekly installments  •  43%

About Me

I am Solagah Margaret from Ho in the Volta region of Ghana. I completed form 4 those days but i was not able to continue my education snice my father died at the time i completed form 4. I and my mother live and we work to take care of my younger brothers and sisters. I have been able to sell in the market to support my self and my family before I get marriage. Life is full of problems without any good education but i have manage to support my husband with the goods i sell in the market. I make profit from selling of food staffs and I have been using my profit to take care of my younger brothers and sisters. I also use part of my profit to support my children education.

My Business

I sell food staffs in the market, and I also sell kenkey in the even. I have been doing this two business for about 10years now. I use my profit to support my family and with the help of this business I have been able to buy land of which I have started building.

Loan Proposal

The cost of maize are becoming expensive every day and I need this loan to buy more maize for my business. This loan will help me increase the number of maize I can store for my business.

Income Source

I will be able to pay the loan and incase of any risk i will pay the loan with the profit i make from my other business.

Feedback

None

None

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Lenders

Paul Buchheit

Mountain View,  United States

BJ

Brandon Joz

North Carolina,  United States

Loan Info

Disbursed amount

$100.75

Date disbursed

Mar 29, 2021

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: 5% of $100.75 = $4.95

Credit risk payment: $12.90

Optional expediting fee: $9.89

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